US Edition
US Trade Deficit Widens in May as Trump Tariffs Fuel Uncertainty
- The US trade deficit widened more than expected in May, reaching an overall trade gap of $71.5 billion.
- Both imports and exports declined in May due to US President Donald Trump's tariffs, creating uncertainty in the economy.
- Bernard Yaros, lead US economist at Oxford Economics, stated that trade is 'at risk of introducing more volatility in the data.'
- Yaros warned that a worst-case tariff outcome could apply further downward pressure on imports.
51 Articles
51 Articles
The US trade deficit increased more than expected in May, with a slight drop in imports and a sharp fall in exports in the midst of the trade earthquake generated by Donald Trump's tariff policy.The world's largest economy recorded a trade deficit — the difference between what matters and what it exports — of $71.5 billion in May, after President Trump imposed a 10% tariff on most trading partners, according to the Department of Commerce's data …
US trade deficit widens in May due to Trump tariffs
The US trade deficit widened more than expected in May, government data showed today, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.
The U.S. trade deficit increased again in May, to $71.5 billion, according to data released by the Department of Commerce on Thursday, with a decline in U.S. exports.
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